High-Speed Gains

Jim
Oberweis is a specialist in small-cap
stocks. His "Octagon Strategy" assesses stocks based on eight fundamental valuation metrics,
which he considers essential. For his 2005 Top Pick he looks at an Israeli
play on broadband wireless networks.

"Our top pick for 2005 is
Ceragon Networks (CRNT
NASDAQ). At first glance, the 60% move
up in the stock price in just four months might give potential investors a
feeling of already 'missing the boat'.However, upon further analysis it becomes
apparent that this could be just the beginning of something much bigger.Their business is broadband wireless
networking systems.
Founded in 1996 and headquartered in Tel Aviv,
Israel, Ceragon makes products that provide high-speed, fiber-like transmission quality that
can be deployed more rapidly and cost effectively than fiber-optic
lines.

"The company just recently announced it received an order to supply equipment to
CellularOne of Arizona, whose COO noted that Ceragon offered 'the most complete,
flexible, and cost effective solution' available.In addition, Ceragon’s solutions are helping
educational institutions worldwide improve information access to enhance
education. In total, the company’s product family is installed with over 150
customers in more than 50 countries.

"In their most recently
reported quarter, Ceragon grew revenues by nearly 60%, with improving margins
and earnings of $.02 vs. a loss in the same year-ago quarter.The company just recently became
profitable and, along with its climbing share price, is hitting the radars of
others on Wall Street.This
tiny company will not go unnoticed for much longer, and we believe currently
offers an attractive opportunity for investors to get in early on a rapidly
growing micro-cap company in an exciting industry."